Williams Acc/Dist
Description
This indicator uses Larry Williams’ accumulation and distribution formula, which does not take volume into consideration. It further adds a 57-period Simple Moving Average of accumulation and distribution to identify the longer-term trend. This setting is typical for Jake Bernstein to use in order to confirm the trend with other indicators.
This indicator is not meant to be used alone. Typically, if you have two consecutive readings of WillAD above its 57-period moving average, we’re in an uptrend and bullish triggers can be taken. Conversely, if we have two consecutive readings of WillAD below its 57-period moving average, we’re in a downtrend and bearish triggers can be taken. Triggers may be from other indicators that give you signals in the direction of the WillAD trend.
Platforms
Williams Acc/Dist is available for the following platforms:
